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Mentha oil prices fell by 0.42 per cent to Rs 879.40 per kg in futures trade today as speculators indulged in profit-booking amid weak demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 3.70, or 0.42 per cent, to Rs 879.40 per kg in business turnover of 448 lots.
The June contract shed Rs 2.80, or 0.32 per cent, to Rs 876 per kg in 74 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators driven by a weak demand from consuming industries in the spot market against adequate stocks position.
